Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
Anthony Norwood, 55, has been appointed as Executive Vice President and Chief
Human Resources Officer of the Company effective March 2, 2022.
Prior to Mr. Norwood's employment with the Company, Mr. Norwood was employed
from April 2020 to March 2022 by Trane Technologies, where he served as Vice
President, Human Resources - Corporate. Mr. Norwood has also served in various
HR executive roles from 2008 to 2020 at Ingersoll Rand, including as Vice
President, Human Resources. Mr. Norwood previously held positions of increasing
responsibility at Coca-Cola Bottling Co. Consolidated, Merck & Co, Inc. and
the New Ventures Group of Lucent Technologies. He began his HR career with Amoco
Corporation.
There is no arrangement or understanding between Mr. Norwood and any other
person pursuant to which he is being appointed as Executive Vice President and
Chief Human Resources Officer. There are no family relationships between
Mr. Norwood and any director or executive officer of the Company and there are
no relationships or related transactions between Mr. Norwood and the Company
that would be required to be reported pursuant to Item 404(a) of Regulation S-K.
In connection with Mr. Norwood's appointment as Executive Vice President and
Chief Human Resources Officer, Mr. Norwood will be eligible to receive
compensation on the following terms:
• an annual base salary of $365,000;
• participation in the Company's annual incentive plan, with the current
target bonus set at 50 percent of Mr. Norwood's base salary;
• participation in the Company's long-term equity incentive plan with a target
award of 70 percent of Mr. Norwood's base salary comprised of the same mix
of awards as executive officers of the Company (currently 50 percent of the
long-term incentive opportunity awarded as performance stock units, 25
percent awarded as restricted stock and 25 percent awarded as stock
options); and
• participation in the employee benefit programs generally made available to
the Company's executives.
Item 9.01 Financial Statements and Exhibits
99.1 Press release of Saia, Inc. dated March 2, 2022
104 Cover Page Interactive Date File (embedded within the Inline XBRL document)
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